Forum Replies Created
I Still think Warnbro area has a lot more growth in it. Bought a 4 bed house there in 2002 on 725 m2 , 800m from the beach, and 800m from the new train station (due to complete in December 2006 or early 2007) for $153,000. Now worth approximately $270,000 but I think over $300,000 is possible within 12 months.
Warnbro/Waikiki beach is regularly voted one of the top beaches in Oz and with the transport infrastructure going in (35 min train ride to Perth CBD) this area can only rise. Have sister who has just moved over from Sydney and bought a house. She is loving the lifestyle for her and her kids. I’m sure many more people will discover this area as a nice place to live that is still close to Perth.
Anyway my prediction is for this area to continue to rise. Get in before the train station is built.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
I still haven’t heard from anyone on whether they would like to come or not. Would anybody who is interested please email me at:
Should be a good course and at $660 for the whole day including lunch it is a relative bargain!
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
I still haven’t heard from anyone on whether they would like to come or not. Would anybody who is interested please email me at:
Should be a good course and at $660 for the whole day including lunch it is a relative bargain!
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi Roberts,
I’ll check my personal email tonight. If you haven’t contacted me send me an email to:
Cheers
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi Roberts,
Just hit the PM button at the bottom of the message. Alternatively you can email me at [email protected].
Cheers
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Just to avoid any confusion – I am not a promoter of the seminar, I’m just looking for somebody to attend with me so the ticket price comes down from $880 to $660 and we both benefit from what should be a good seminar on devekloping property.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Just to avoid any confusion – I am not a promoter of the seminar, I’m just looking for somebody to attend with me so the ticket price comes down from $880 to $660 and we both benefit from what should be a good seminar on devekloping property.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Still no replies. Has nyone been to this seminar before??
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Sorry forgot to include stamp duty in loan and the growth in equity would be $2.12M every 7-10.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
I would take $200,000 and whack it into the stock recommendations from “Conscious Investor” Software. I would then use the the remaining $800,000 as deposits on real estate within 10km from CBD of Sydney, Melbourne, Perth, and Brissie – 1 property each city:
1. Sydney – Newtown/Enmore/Leichardt area. $650K 3 bed house @ $420/wk rent. $200K deposit, $450K loan at 7.5% fixed for 10years.
2. Melbourne – 3 bedroom renovated house in Flemington for $420K @ $350/wk rent. $150K deposit. $270K loan at 7.5% fixed for 10 years.
3. Perth – $600K House on large block in Mt Lawley, ready for subdivision. Rent at $300 week. $300K deposit. $300K loan at 7.5% fixed for 10 years.
4. Brisvegas – 3 bedroom house in Paddington for $450,000 @ $300 week. $150K deposit. $300K loan at 7.5% fixed for 10 years.Then I would sit back and wait. The shares should earn around 15% p.a. (average is 19% for last 10 years). The properties should double every 7-10 earning $800K equity in the first 7-10. Also it shouldn’t cost anything out of my own pocket to maintain loans etc.(have to adjust deposits etc to achieve this).
Therefore you have low risk, high return and minimal headaches and effort. Nice!
P.S. Gross – I have sent you a PM could you please ring me. My number is in PM.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
I like Warnbro, Waikiki and Rockingham. Regularly voted one of the best beaches in Australia and the train line going in is going to help immensely. Has gone up but will still show plenty of capital growth.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
I used to live in Mt Isa and my brother sold up a few years ago.
The thing that scares me about “the Isa” is that you are relying on the price of copper on the world market (which is high today but could be low in 2-5 years time). I would rather be in control of my destiny rather than at the whim of the mining industry.
You should be looking at places that will boom in the future rather than a town that is riding high at the moment but subject to wild fluctuations. That’s my 2 cents worth anyway.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
When you open Excel there is a right column showing previous documents. Below that is a section “New from Template”. Choose the “Loan Amortization” one and this should solve your problem.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Long story – but basically lent more than what it was worth currently for client to carry out renovations. The guy he got in shot through and he basically stuck his head in the sand and never paid me a dime.
I’ve learned a very valuable lesson!
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi Chevy,
Decide whether:
A. You want to invest for growth -or-
B. You want to invest for income.If you choose A. you would be looking at buying houses (land appreciates) in metropolitan areas ideally within 10km of the CBD. Also you would want to split your money and buy many houses so this option would likely rule out Melbourne and Sydney as a place to invest. You could use a buyer’s agent but make sure you do some research and specify where you want to buy and what properties the house must posess i.e. close to transport etc.
If you choose B. then you can choose either units or houses. Your level of involvemet will be greater with this option. You will be looking at either investing in stable country areas or getting creative in metropolitan areas i.e. multiple occupancy dwellings, short term accomodation etc.
Hope this helps
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi Grossrelaisation,
Thanks for your suggestion. The house is currently only worth $60K as is and $90K with sub-division with $10,000 in costs to sub-divide.
I would be interested in how to put a cheap house on the site. I will PM you.
Cheers
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
You can’t go past Warnbro for value for money and growth potential:
1. New train station (35 minutes to Perth) being built December 2006
2. One of the most beautiful beaches in Australia at Waikiki and Warnbro sound.I bought there in 2002 – 4 bed on 725 sqm for $153,000 – now valued at $260,000 and only 10 years old.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Any other suggestions would be welcomed too!
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Did you mean Coolbellup in Fremantle?
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi Derek,
I tend to disagree as I still think the whole area is still achieving growth rates which most would consider a boom. I remember reading an extract from the paper over in Perth showing Warnbro 3 bedroom medium growth of around 28% for last year!
My mum and dad and my sister have just moved over to the west and my sister is set to buy in Warnbro as she still considers it “top value for money”. I rang her last week and she said that a Sydney buyer snapped up a 4 bedroom house accross the road from where they are currently renting for $210,000. I mean where else in Australia would you be able to buy a 4 bedroom property under 1km to the beach and less than 50kms from a capital city for around $200K?
I personally believe that as Sydney and Melbourne cools investors over here will look to WA and in particular the south west region which is second to QLD in population growth. Places as far south as Mandurah are already being shown on the Perth weather report (as opposed to a few years ago when they would have had a separate weather report).
New infrastructure + population growth + investors looking to place their money in areas still with growth left in them means that this area will still continue to boom for many years to come maybe not at ridculous levels but still at 15% per year or more.
Mark my words – get in now before the train station is built!
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
